The mayor and city council of Baltimore have taken legal action against prominent players in the shale oil industry, filing an antitrust class action that accuses these companies of conspiring to limit oil production and drive up crude oil prices. This lawsuit echoes similar cases brought by jurisdictions across the southwestern United States. The Baltimore City Law Department is being assisted by legal teams from Nachawati Law Group, Berger Montague, and Farra & Wang.
This legal move is part of a broader trend targeting major oil companies, with claims that the alleged output restrictions in the crude oil market led to “artificially inflated prices for light petroleum products sold in the U.S.” The case seeks both damages and an injunction to curb further alleged violations of the Sherman Act.
For more information on this developing story, visit the National Law Journal.